About 18 months ago, Bayerische Motoren Werke AG started selling a plug-in hybrid version of its midsize sedan for the first time. The 530e is a more expensive, bulkier version of the German automaker’s sports sedan. It goes about 30 miles on a charge and tops out at an Autobahn-friendly 146 miles per hour. It’s the kind of hybrid that hyper-milers could have only imagined back when Toyota unveiled the original Prius two decades ago.
Just a couple of months ago, major oil trading houses were predicting the return of $100 crude. Now, with oil prices at half that level, here’s a look at what the slump means for the world economy.
Aberdeen-based Intelligent Plant is teaming up with oil operator Nexen and the Oil and Gas Technology Centre (OGTC) to help prevent major equipment failures offshore.